Listen to the article The Anti-Narcotics Force (ANF) successfully conducted six operations across the country, leading to the arrest of seven suspects and the recovery of over 101 kg of drugs, worth Rs24.4 million, announced a spokesperson for the force on Saturday. . The operations included the seizure of 2 kg of ice from a … Read more
An undated image of the World Bank headquarters in Washington DC. — AFP/File Loan approval expected from the World Bank on January 14. Focus on neglected sectors over the next decade. The total amount could reach $40 billion with private loans. ISLAMABAD: Pakistan is set to receive a $20 billion loan from the World Bank … Read more
A trader using a calculator in this undated photo. — Reuters/File CPI inflation fell from 29.7% in December 2023. In urban areas, CPI inflation declined to 4.4% year-on-year. Rural areas also saw a reduction in year-on-year inflation to 3.6% in December. KARACHI: The inflation trajectory showed signs of easing in December 2024, although persistent underlying … Read more
High Commissioner-designate Muhammad Saleem has arrived in Ottawa. According to a press release issued by the High Commission of Pakistan in Ottawa, Ambassador Saleem brings exceptional leadership and vision to this role, thanks to a distinguished diplomatic career and a passion for promoting international cooperation. Muhammad Saleem graduated with a master’s degree in diplomacy and … Read more
Pakistani soldiers stand guard in Bannu, July 2, 2014. — Reuters Major Muhammad Awais of Narowal embraces martyrdom. Operations carried out in Bannu, South and North Waziristan. Security forces committed to eliminating terrorism: ISPR. RAWALPINDI: A Pakistan Army major embraced martyrdom as 13 terrorists were killed in three separate operations in Khyber Pakhtunkhwa, the Army’s … Read more
South Africa 82 for 3 (Markram 47*, Shahzad 2-28) trail Pakistan 211 (Gulam 54, Paterson 5-61, Bosch 4-63) by 129 runs South Africa did to Pakistan what they always do to Pakistan at Centurion, hitting them with the ball in the second hour of the first session before bowling them out for 209. Corbin Bosch … Read more
An illustration shows U.S. $100 bank notes taken in Tokyo, August 2, 2011. — Reuters Improvement based on the stabilization of macroeconomic indicators. A healthier external account also plays a role in development. Miftah Ismail says “it’s great that the risk has reduced so much.” KARACHI: Pakistan’s perceived default risk has declined sharply, as evidenced … Read more
A unit of the Kuwait Petroleum Corporation. — AFP/File KUFPEC will “recover its investments” by selling assets. The company’s decision has raised serious concerns among policymakers. PEL also confirms having made advance payments to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of exiting Pakistan’s oil and gas sector by selling … Read more
The representative image shows Pakistanis enjoying a cricket match. — Reuters/File The Ipsos Pakistan survey shows youth migration trends. The Middle East is at the top of the list of aspirants to emigrate. Privileged class most likely to consider emigration. The majority of young Pakistanis do not want to leave the country permanently. News reported … Read more
A currency trader counts Pakistani rupee notes as he prepares to exchange U.S. dollars in Islamabad, December 11, 2017. — Reuters Pakistan has a current account surplus of $729 million. The surplus reflects the importance of remittances and the reduction in trade deficits. November marks the 4th consecutive month of surplus. KARACHI: Pakistan recorded its … Read more